The Kingdom of Saudi Arabia is home to some of the largest and most successful companies in the world. The country’s vast resources and strategic location at the crossroads of major trade routes have made it an attractive location for businesses looking to expand into new markets. In this article, we will take a closer look at the top Saudi Arabian companies and their rankings in the market based on various metrics such as revenue, profitability, and market capitalization.
1. Aramco: The Oil Giant
Aramco (Arabian Oil Company) is the largest company in the world by revenue, with a market value of over $1 trillion. It was founded in 1938 and is responsible for managing Saudi Arabia’s oil and gas reserves, which account for more than 10% of global production. Aramco operates in over 70 countries and has subsidiaries in various industries such as refining, petrochemicals, and mining.
2. Saudi Basic Industries Corporation (SABIC): The Chemical Giant
SABIC is the second-largest company in Saudi Arabia by revenue, with a market value of over $80 billion. It was founded in 1976 and operates in various industries such as petrochemicals, fertilizers, plastics, and construction materials. SABIC has subsidiaries in over 50 countries and is one of the world’s largest producers of polyethylene and polypropylene.
3. Saudi Binladin Group (SBG): The Construction Giant
SBG is one of the oldest and largest construction companies in the world, with a market value of over $60 billion. It was founded in 1931 by Saudi bin Ladin and has been involved in various projects around the world, including the construction of the Burj Khalifa in Dubai, the Jeddah Seaport, and the Kingdom Center in Riyadh. SBG also operates in various industries such as mining, oil and gas, and power generation.
4. National Petroleum Corporation (NPC): The Oil and Gas Giant
NPC is one of the largest oil and gas companies in Saudi Arabia, with a market value of over $20 billion. It was founded in 1938 and operates in various industries such as exploration and production, refining, and petrochemicals. NPC has subsidiaries in over 50 countries and is one of the world’s largest producers of crude oil and natural gas.
5. Saudi Electricity Company (SEC): The Power Giant
SEC is the largest power company in Saudi Arabia, with a market value of over $20 billion. It was founded in 1938 and operates in various industries such as electricity generation, transmission, and distribution. SEC has subsidiaries in over 50 countries and is one of the world’s largest producers of renewable energy.
6. Saudi Cement Company (SCC): The Cement Giant
SCC is one of the largest cement companies in Saudi Arabia, with a market value of over $18 billion. It was founded in 1946 and operates in various industries such as cement production, ready-mixed concrete, and prefabricated products. SCC has subsidiaries in over 20 countries and is one of the world’s largest producers of cement.
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